Form 4: Sound Financial Bancorp Director Sells Shares in Recent Transaction
SEC Form 4 Filing
Director David S. Haddad Jr. sold 356 shares of Sound Financial Bancorp stock at $53.78 per share on November 12, 2024.
Summary
- David S. Haddad Jr., a director at Sound Financial Bancorp, sold 356 shares of common stock on November 12, 2024, at a price of $53.78 per share.
- Following the transaction, Mr. Haddad directly owns 3,528 shares of Sound Financial Bancorp common stock.
- He also indirectly owns 13,548 shares through an IRA.
- Mr. Haddad holds various stock options with different exercise prices and vesting schedules, which are also detailed in the filing.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale by a director. It does not indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are a common practice across all publicly listed companies in the US, including financial institutions like Sound Financial Bancorp.
- The sale of shares by a director is a normal occurrence and is not unusual compared to other companies in the financial sector.
- The details of stock options and their vesting schedules are also typical for executive compensation packages in the industry.
Stakeholder Impact
- The sale of shares by a director may have a minor impact on shareholder sentiment, but it is a common occurrence.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/28/2022 | Start date for vesting of stock options with an exercise price of $42.85. |
| 01/27/2023 | Start date for vesting of stock options with an exercise price of $40.13. |
| 11/12/2024 | Date of the stock sale transaction by David S. Haddad Jr. |
| 11/13/2024 | Date the Form 4 was signed. |
| 01/26/2025 | Start date for vesting of stock options with an exercise price of $39.89. |
| 01/28/2025 | Expiration date for stock options with an exercise price of $18.36. |
| 01/25/2029 | Expiration date for stock options with an exercise price of $33.5. |
| 01/31/2030 | Expiration date for stock options with an exercise price of $36.26. |
| 01/27/2031 | Expiration date for stock options with an exercise price of $32.46. |
| 01/28/2032 | Expiration date for stock options with an exercise price of $42.85. |
| 01/27/2033 | Expiration date for stock options with an exercise price of $40.13. |
| 01/26/2034 | Expiration date for stock options with an exercise price of $39.89. |
Keywords
Sound Financial Bancorp, SFBC, insider trading, stock sale, Form 4, director, stock options, share transaction
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